Chen Nail Salon Leases Retail Space At 120 East 7th Street In New York City With Brokers From Meridian Retail Leasing
120 East 7th Street
$82
$82/SF
Building Size
700 SF
Asset Type
Retail
Closing
Dec 12, 2022
AI
A retail property at 120 East 7th Street in New York City has been leased. The tenant, Chen Nail Salon, has secured the space for an asking rent of $82 per square foot. The leased area spans 700 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant: Chen Nail Salon
- Asking Rent: $82 per square foot
- Square footage: 700
- Address: 120 East 7th Street
- Market: New York City
The leasing transaction was facilitated by the brokerage team from Meridian Retail Leasing. The team included Ben Biberaj, Ben Howard, and Jonathan Goldberg. They represented Chen Nail Salon in securing this retail space at 120 East 7th Street in New York City.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93